AirAsia X posts 1Q net loss despite improved revenue

Malaysia’s AirAsia X reported a first-quarter net loss of MYR11.3 million ($3.5 million), reversing a net profit of MYR50.2 million for the year-ago period.
The long-haul, low-cost affiliate of the AirAsia Group said that, despite a 60.1% increase in capacity—its highest ever year-over-year quarterly capacity growth—to 6.2 billion ASKs, the carrier saw revenue rise 40% to a record MYR750 million for the quarter. Capacity growth is expected to taper off in the coming ...